Originally Posted by
nztx
but interest rates high, business failures are high, my guess is degree of pain out there is similar with more to come. This is no temporary dip as the waves of Covis wash in (again), but there are still more of those in the depth of Southern Winter. What do Agriculture, NZ Industry & Exports look like ?
What do defaults & foreclosures likely look like glancing ahead ?
Already evidence of pain underway in Unemployment figures, throw in accumulated affects of COL
further ramped up costs - rates, interest, insurance, electricity etc etc leads us where ?
Any domestic sectors showing outwards signs of romping ahead or prosperity now or ahead .. or not many ?
I'm afraid I'm more conservative & not prepared to call it the bottom or all over or anywhere near .. not just yet. NZX & sectors of ASX look vulnerable IMO
The decline in some NZX lines may continue further .. there aren't many still there that haven't reported some sort of collateral damage already or expected to impact going forward.